For tax reporting of MCAN dividends, T5 tax slips are issued by the brokerage firm through which you purchased the MCAN shares. If you have not received your T5 tax slip, please contact your broker directly as MCAN is not involved in sending these out.
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Find Corporate Documents, Board Mandates on our Corporate Governance page.
MCAN’s primary objective is to generate a reliable stream of income by investing in a diversified portfolio of Canadian mortgages focused on single-family residential mortgages and residential construction loans, as well as other types of loans and investments, real estate and securitization investments.
MCAN’s business model provides focused investing in products and markets where MCAN has extensive expertise to generate attractive financial returns. MCAN’s Board of Directors and Management Team possess significant experience in the financial, investment and real estate industries.
MCAN is a strategic investor in the Canadian real estate market. Our portfolio is focused on uninsured single-family mortgages and residential construction loans where we have proven investment expertise. Our exposure to the residential construction market provides in-depth knowledge of the regions that we invest in to support the uninsured single-family portfolio.
Leverage from CDIC-eligible term deposits provides a cost-effective source of funding for our investments. Yield from the investing operations provides returns to shareholders via distributions that are made tax efficient through MCAN’s mortgage investment corporation (MIC) structure. The basic characteristics of a MIC are:
The following analysts provide research coverage on MCAN Mortgage Corporation:
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